We found 11 online brokers that are appropriate for Trading .
Copy Trading popularity has increased dramatically allowing traders to copy succesful traders on a social trading platform. Social trading method like this has been adopted by millions of users around the world. eToro is the platform that we would like to recommend to you if you are interested in using the CopyTrader system as it is the most mature copy trading platform currently available.
eToro has been around for a while. Many traders have been using this platform because of its easy user-interface and fantastic features. Regardless, the market's movement can be up and down and not all people can really see the windows of opportunity to make them profit.
Choosing the best traders to copy can be a daunting task, there are different approaches to this that will help your investment strategy.
So, the first thing you must do is to identify what you really want to do. Are you planning to focus on short-term large volumes? are you a speculative person? Or perhaps, you want to reduce the risk as low as possible? Therefore, you will need to concentrate on stable income based on long time expectation. If it is a long-time investment, you will need to be patient to get the exact results.
How much you are prepared to spend on trading? Do you prefer to withdraw daily, weekly, or monthly? Do you need to leverage it?
The questions can be different from one person to the other. If you still have doubt, asking yourself as many questions as possible will help you to identify what you really want to do with the CopyTrading System from eToro.
The more questions you ask, the more answers you will receive, and it will make you closer to the most ideal traders to copy.
One of the most vital things to see from your traders is the assets that they are working on. Keep in mind that each trader might be great with one asset but weaker with other assets. Some traders diversify their investment portfolio by playing different asset classes. Well, you can do that too to mitigate the risks.
The eToro platform offers the different asset classes traded in the CFD or Contracts for Difference. In this contract, you will find different asset classes including the shares, stock indices, commodities, fiat currency pairs, as well as cryptocurrencies.
Of course, you will need to cover the basics first before proceeding as these asset classes have different and unique characteristics. You can use the advice from eToro to see their performances on the market.
Shares, for instance, can give you an opportunity to make enormous profits but they are highly volatile. The sudden price changes can shock you. On the flip side, currency pairs come in the Foreign exchange market. There are different trading volumes in the market which are caused by various factors in the world. The market is volatile, and it is hard to predict what will happen next.
Therefore, the most sensible thing you can do is to do your homework before picking your traders to copy.
It is advisable to recognize different asset classes available in the eToro platform and find out one which is suitable for your trading style.
Once you find out the specific asset classes that you want to trade in the platform, the next thing to do is to choose the best traders who are trading in the same asset classes that you target.
Usually, the better traders do not focus on many assets. They have a very limited range of assets. It is because they spend most of their time focusing on the things that give them more opportunities. So, they would stick with only a particular range of assets. With this fact alone, it is a good idea to focus only on traders who specialize in the assets you choose.
The platform of eToro is easy to navigate and comprehend. You can learn the whole platform. To find the best traders, you just need to hit “Copy People” on the right side of the menu.
You can then start exploring to find the best traders to copy. Keep in mind to choose the traders with real money experience. You want to exclude all the traders who only use demo accounts due to their sole objective is to test the water and experiment.
If you are researching eToro make sure to read through the below eToro related guides. You will find something useful.
We've collected thousands of datapoints and written a guide to help you find the best eToro Best Traders for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top .
Compare min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are . Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more that accept clients
Broker |
eToro
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IC Markets
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XTB
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FP Markets
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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SpreadEx
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Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 100 | 200 | 100 | 5 | 100 | 1 |
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Used By | 17,000,000+ | 180,000+ | 250,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with fpmarkets |
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Up with trading212 |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
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Up with spreadex |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Your capital is at risk | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
SpreadEx Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | US, JP, NZ | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, TR |
You can compare ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top for 2021 article further below. You can see it now by clicking here
We have listed top below.